You don’t have a point other than to argue on an irrelevant basis. Perhaps longandshorts thoughts exceeded your mental capacity and you felt the need to chime in to sound smart.
%% I dont use a stop loss for cash metals; but its somewhat of a modified bid \ask profit deal. [I use a stop loss somewhat like you, with ETFs do ,except sure use discretion .You can toucan LOL.] Some asked Don Bright Daytrading Co why they did not daytrade futures+ FOREX outright [not just futures just as a single stock signal] He explained they did much better with daytrading stocks, Eleanor K800. Frankly i cant stand demo accounts\ but still sometimes paper trade , which could be close to the same thing except its not the same thing @ all with me. I dont daytrade single stocks or swing them, cant make enough to suit me ; even though Mike Masters Fund + Peter Lynch did real well with them
%% You have a big appetite, Mr Turtle. I day trade single stocks, for me a free Big Mac every day, from my daily trading profit, is enough.
%% Good discretion, good brand MCD. I'll have to research average /HI\Lo price of MCD Big Mac, Good thing I did not aim @ repeat SPXL profits, this week\cut loss on SPY inverse+ SSO. SSO = snack size of SPY ,LOL
I run an algorithm that looks at the last X trading days and finds the stoploss that gives me the highest probability of staying in the trade to my profit target.
%% FUN LOL; some people can still steer by the stars, [or star based exits] but not by what average fake news paper says about stars. Want proof ?? A sundial proves it , a bit rough , but do have to adjust for seasonals + location[Edit may not work so well on cloudy- rainy days LOL ]